![]() In addition to the above, an additional non-controlling interest of $100 million, represented by Market Auction Preferred Stock of ILFC owned by third-parties, will be assumed pursuant to the Transaction.Īdjustment includes the elimination of ILFC’s current and deferred income tax liability relating to US federal income tax. From the announcement of the Acquisition on Decemto May 2, 2014, AerCap’s shares have traded between $33.17 and $43.83, with an average of $39.12. For example, a 10% increase (decrease) in the AerCap share price would result in an increase (decrease) of approximately $394 million in the estimated consideration transferred. This requirement will likely result in an equity consideration different from the $3.9 billion assumed in this unaudited pro forma combined financial information and that difference may be material. In accordance with ASC 805, the fair value of equity securities issued as part of the consideration transferred will be measured upon the consummation of the Acquisition at the then-current market price. ![]() The estimated consideration expected to be transferred reflected in this unaudited pro forma combined financial information does not purport to represent what the actual consideration transferred will be when the Acquisition is consummated. ![]() Many of these fair value measurements can be highly subjective, and it is also possible that others applying reasonable judgment to the same facts and circumstances could develop and support a range of alternative estimated amounts. As a result of these standards, AerCap may be required to record assets that are not intended to be used or sold and to value assets at fair value measures that do not reflect AerCap’s intended use of those assets. Fair value measurements for an asset assume the highest and best use by these market participants. Fair value is defined in ASC 820 as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” In addition, market participants are assumed to be buyers and sellers in the principal (or the most advantageous) market for the asset or liability. The unaudited pro forma combined financial information should be read in conjunction with the accompanying notes thereto.ĪSC 820 defines the term “fair value” and sets forth the valuation requirements for any asset or liability to be measured at fair value and specifies a hierarchy of valuation techniques based on the nature of the inputs used to develop the fair value measures. The historical consolidated financial statements have been adjusted in the unaudited pro forma combined financial information to give effect to events that are (1) directly attributable to the Acquisition, (2) factually supportable, and (3) with respect to the income statement, expected to have a continuing impact on the combined results. The unaudited pro forma combined income statement information has been prepared for the year ended Decemand the three months ended March 31, 2014, and gives effect to the Acquisition and this offering as if they had occurred on January 1, 2013. The unaudited pro forma combined balance sheet information has been prepared as of March 31, 2014, and gives effect to the Acquisition and this offering as if they had occurred on that date. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.The unaudited pro forma combined financial information gives effect to the Acquisition, together with this offering and the application of the net proceeds therefrom. ![]() The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Renewable Energy segment’s portfolio of business units includes onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables and digital services offerings. The Healthcare segment provides essential healthcare technologies to developed and emerging markets and has expertise in medical imaging, digital solutions, patient monitoring and diagnostics, drug discovery and performance improvement solutions. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power and mechanical aircraft systems. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power. engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment.
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